Qtron Investments LLC Has $494,000 Stock Holdings in Barrick Gold Corp (NYSE:GOLD)

Qtron Investments LLC reduced its stake in shares of Barrick Gold Corp (NYSE:GOLD) (TSE:ABX) by 18.0% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 31,884 shares of the gold and copper producer’s stock after selling 6,999 shares during the quarter. Qtron Investments LLC’s holdings in Barrick Gold were worth $494,000 as of its most recent SEC filing.

Other large investors also recently modified their holdings of the company. Wellington Management Group LLP lifted its position in Barrick Gold by 17.5% during the fourth quarter. Wellington Management Group LLP now owns 64,310,800 shares of the gold and copper producer’s stock worth $996,802,000 after purchasing an additional 9,598,292 shares during the period. FIL Ltd lifted its holdings in shares of Barrick Gold by 236.7% during the 4th quarter. FIL Ltd now owns 6,815,946 shares of the gold and copper producer’s stock worth $105,692,000 after acquiring an additional 4,791,663 shares during the period. Geode Capital Management LLC boosted its position in shares of Barrick Gold by 32.4% during the 4th quarter. Geode Capital Management LLC now owns 10,650,999 shares of the gold and copper producer’s stock worth $169,261,000 after acquiring an additional 2,603,744 shares in the last quarter. Allianz SE acquired a new stake in shares of Barrick Gold during the 4th quarter worth approximately $33,726,000. Finally, Van ECK Associates Corp increased its stake in Barrick Gold by 2.1% in the fourth quarter. Van ECK Associates Corp now owns 76,299,834 shares of the gold and copper producer’s stock valued at $1,182,641,000 after acquiring an additional 1,563,361 shares during the last quarter. 62.85% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

GOLD has been the topic of a number of research analyst reports. National Bankshares reaffirmed an “outperform” rating on shares of Barrick Gold in a report on Wednesday, April 2nd. Royal Bank of Canada lifted their target price on Barrick Gold from $22.00 to $23.00 and gave the company an “outperform” rating in a research report on Friday, April 4th. StockNews.com raised shares of Barrick Gold from a “buy” rating to a “strong-buy” rating in a report on Saturday, April 5th. Bank of America lowered shares of Barrick Gold from a “buy” rating to a “neutral” rating and decreased their price target for the company from $21.00 to $18.00 in a report on Monday, January 27th. Finally, Raymond James increased their price objective on shares of Barrick Gold from $23.00 to $23.50 and gave the company an “outperform” rating in a research note on Monday, March 31st. Six investment analysts have rated the stock with a hold rating, eight have given a buy rating and two have issued a strong buy rating to the company’s stock. According to MarketBeat.com, Barrick Gold currently has an average rating of “Moderate Buy” and an average price target of $24.04.

Barrick Gold Trading Up 7.0 %

Shares of GOLD stock opened at $20.59 on Friday. The stock has a 50-day moving average of $18.49 and a 200-day moving average of $17.92. The company has a current ratio of 2.89, a quick ratio of 2.15 and a debt-to-equity ratio of 0.14. The stock has a market cap of $35.41 billion, a price-to-earnings ratio of 16.74, a PEG ratio of 0.44 and a beta of 0.55. Barrick Gold Corp has a 1-year low of $15.11 and a 1-year high of $21.35.

Barrick Gold (NYSE:GOLD) (TSE:ABX) last released its quarterly earnings results on Wednesday, February 12th. The gold and copper producer reported $0.46 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.46. Barrick Gold had a net margin of 16.59% and a return on equity of 6.76%. On average, equities research analysts forecast that Barrick Gold Corp will post 1.47 earnings per share for the current year.

Barrick Gold Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, March 17th. Shareholders of record on Friday, February 28th were given a dividend of $0.10 per share. The ex-dividend date was Friday, February 28th. This represents a $0.40 dividend on an annualized basis and a yield of 1.94%. Barrick Gold’s dividend payout ratio (DPR) is currently 32.52%.

Barrick Gold declared that its board has authorized a stock buyback program on Wednesday, February 12th that allows the company to repurchase $1.00 billion in shares. This repurchase authorization allows the gold and copper producer to purchase up to 3.2% of its shares through open market purchases. Shares repurchase programs are often an indication that the company’s management believes its stock is undervalued.

Barrick Gold Profile

Barrick Gold Corporation is a sector-leading gold and copper producer.  Its shares trade on the New York Stock Exchange under the symbol GOLD and on the Toronto Stock Exchange under the symbol ABX.
 
In January 2019 Barrick merged with Randgold Resources and in July that year it combined its gold mines in Nevada, USA, with those of Newmont Corporation in a joint venture, Nevada Gold Mines, which is majority-owned and operated by Barrick.